Claims

Who Covers Defense Costs in Toxic Exposure Claims?
Regulatory & Compliance Who Covers Defense Costs in Toxic Exposure Claims?

As major corporations face increased litigation related to toxic exposure claims, a critical question remains: who bears the defense costs in these cases? This question is particularly poignant in the case of Mattel, where the manufacturer is embroiled in disputes with insurers over defense costs

AI Revolutionizes Claims Management with CLARA Analytics Tools
Technology & Trends AI Revolutionizes Claims Management with CLARA Analytics Tools

In an era marked by technological advancements transforming various industries, the insurance sector has not been left behind. CLARA Analytics has given a fresh impetus to claims management through the introduction of two groundbreaking AI-powered tools: Triage Risk Notes and Claim Event

Expanding Franchise? Upgrade Insurance to Avoid Coverage Gaps
Insurance Expanding Franchise? Upgrade Insurance to Avoid Coverage Gaps

As franchise businesses steadily grow and reach new heights, their operational dynamics become increasingly complex and ripe with new risks. Such expansion presents franchise owners with the dual challenge of maintaining quality while effectively managing risks that grow parallel to their scale. A

Can Homeowners Finally Rely on FAIR Plan for Wildfire Coverage?
Insurance Can Homeowners Finally Rely on FAIR Plan for Wildfire Coverage?

California's recent legal developments regarding the FAIR Plan insurance scheme paint a picture of cautious optimism among homeowners seeking protection against wildfires. Originating from a lawsuit filed in 2021 by Jay Aliff, the case has brought significant attention to the challenges homeowners

Florida Court Upholds Insurers' Flexibility in PIP Reimbursements
Regulatory & Compliance Florida Court Upholds Insurers' Flexibility in PIP Reimbursements

Florida’s Fourth District Court of Appeal has delivered a ruling that adds clarity to the contentious area of personal injury protection (PIP) reimbursements in auto insurance policies. At the center of this legal examination is the interpretation and application of Medicare rate limits,

Florida Court Backs Insurers' Right to Deny Coverage via Exclusions
Regulatory & Compliance Florida Court Backs Insurers' Right to Deny Coverage via Exclusions

In moments of crisis, can policyholders rely on their insurance to provide relief? A recent figure reveals that 30% of claims are denied based on policy exclusions, leaving many individuals and businesses in unexpected financial turmoil. In an evolving risk landscape, these exclusions can lead to

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